5  CVPDC Housing Market Assessment

The following provides a regional-level analysis of major trends impacting housing within Central Virginia Planning District region. All data has been aggregated to the regional-level and includes:

• Amherst County
• Appomattox County
• Bedford County
• Campbell County
• City of Lynchburg

5.1 Takeaways

5.2 Population trends

From 2010 to 2020, the Lynchburg region only grew by six percent, an increase of just over 15,000 people. This slow but steady growth across the last decade was punctuated by a slight decrease in population between 2019 and 2020.

Figure 5.1: Total regional population

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5.3 Household trends

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5.4 Economic trends

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5.5 Housing stock

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5.6 Homeownership market

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5.7 Rental market

5.8 Affordability

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Figure 5.21: Change in cost-burdened households by tenure

Figure 5.22: Percent of cost-burdened households by race and ethnicity